Alistair's Feed
Jul 31, 2012

Amazon unveils music matching service rivaling Apple’s

July 31 (Reuters) – Amazon.com Inc announced a
scan-and-match digital music service on Tuesday, stepping up
competition with Apple Inc’s iTunes.

The new service will find music files on users’ computers,
create matching versions of those songs and store them in the
cloud, Amazon said.

Jul 27, 2012

Amazon shares up nearly 8 pct on profit hopes

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research) shares jumped 8 percent on Friday after quarterly results gave Wall Street hope that the world’s largest Internet retailer is focusing on profits.

Amazon reported a big drop in second-quarter net income late on Thursday and forecast a possible operating loss in the third quarter as the company plows ahead with a massive investment drive on multiple fronts.

Jul 27, 2012

Amazon shares up more than 7 percent on profit hope

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) shares jumped more than 7 percent on Friday after quarterly results gave Wall Street hope that the world’s largest Internet retailer is focusing on profits.

Amazon reported a big drop in second-quarter net income late on Thursday and forecast a possible operating loss in the third quarter as the company plows on with a massive investment drive on multiple fronts.

Jul 27, 2012

Amazon’s profit margin rises as new businesses grow

SAN FRANCISCO (Reuters) – Amazon.com Inc reported quarterly results on Thursday that showed the growth of new businesses is boosting the profit margins of the world’s largest Internet retailer.

The company’s product revenue, which includes its traditional online retail business, grew 25 percent to $10.79 billion. Services revenue, which includes its online marketplace for third-party merchants and its cloud computing business Amazon Web Services, surged 57 percent to $2.04 billion.

Jul 26, 2012

Amazon may have third-quarter loss on heavy spending

SAN FRANCISCO (Reuters) – Amazon.com Inc forecast a possible loss in the current quarter on Thursday as the world’s largest Internet retailer spends heavily on warehouses, technology and digital content.

Shares of the company slipped 1.4 percent to $217 in after-hours trading.

Second-quarter revenue was $12.83 billion, up 29 percent from a year earlier. Net income was $7 million, or one cent per share, versus $191 million, or 41 cents a share, a year earlier, the company said.

Jul 25, 2012

Real estate listings firm Trulia quietly files for IPO-sources

July 25 (Reuters) – Trulia, an online real estate listing
service, has filed confidentially for an initial public
offering, becoming the latest company to take advantage of a new
U.S. law, according to several sources familiar with the
situation.

JPMorgan Chase & Co and Deutsche Bank AG
are advising the company, one of the sources said.

Jul 25, 2012

Amazon courts software developers for apps and games

SAN FRANCISCO (Reuters) – Amazon.com Inc has focused single-mindedly on consumers for much of its existence. Now it has a new obsession: developers.

The world’s largest Internet retailer is ratcheting up its courtship of apps software developers as it pits its Kindle Fire — and potentially other mobile gadgets — against Apple Inc and Google Inc.

Jul 23, 2012

Costs of Amazon’s Kindle Fire fall, allowing price cut

SAN FRANCISCO, July 23 (Reuters) – The cost to make
Amazon.com Inc’s Kindle Fire has fallen since the
tablet was launched last year, giving the company room to cut
the price aggressively, according to analysts.

The parts that go into the Kindle Fire cost $133.80,
according to a recent estimate by IHS iSuppli, which tracks
technology supply chains. That is down about 28 percent from
November 2011, when IHS estimated the components cost $185.60.

Jul 23, 2012

After Yahoo debacle, Thompson to head ShopRunner

SAN FRANCISCO (Reuters) – Former Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) President Scott Thompson, who was forced to leave the Internet company after a controversy over his resume, has joined e-commerce start-up ShopRunner as its chief executive.

Thompson, who had been president of eBay Inc’s (EBAY.O: Quote, Profile, Research, Stock Buzz) PayPal business before joining Yahoo, replaces ShopRunner Chief Executive and co-founder Mike Golden, who will stay on as president of ShopRunner, the 22-month-old company said on Monday.

Jul 23, 2012

Amazon CEO uses Web front page to recruit workers

July 23 (Reuters) – Amazon.com Inc Chief Executive
Jeff Bezos launched a recruiting drive on the front page of the
company’s website on Monday as the largest Internet retailer
seeks staff for its vast and expanding network of warehouses.

Bezos unveiled the Amazon Career Choice Program, which will
pay up to $8,000 over four years for employees to take technical
and vocational courses in high-demand areas including
engineering, information technology, transportation and
accounting. Amazon said full-time hourly employees in the United
States who have worked at the company for at least three years
qualify for the program.